Intellectual property rights security agreement

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This is an agreement for high level security of intellectual property rights for any business, particularly in a data sensitive industry. It goes one step further than strict terms in a supply contract or a contract of employment, by providing that the contractor or employee transfers all rights he has or might in future have, to the employer.

About this intellectual property security agreement

This is a high level intellectual property security agreement for use in any business, but particularly where data is sensitive. The IP could be anything at all: legal document templates; chemical formulae; photographs; software; or any other.

The agreement is drawn for signature by an employee or any other person connected with your business or any particular project. It is worded so as to include both past and future work. Insofar as any contractor is concerned, ownership of new intellectual property is a matter for the contract terms. But the contract terms bind the contractor, not his staff. For best protection, you should make sure this agreement is signed by every person who could steal or misuse your intellectual property. That way, you are not left with a claim against a company that no longer exists.

The law relating to ownership of intellectual property in newly created rights varies from country to country, so it is particularly important to use this agreement as part of any arrangement for supply from outside the Republic of India.

Within the Republic of India, work done as an employee would usually be regarded as the property of the employer. Conversely, created work made by an employee in the USA usually belongs to the employee.

This agreement covers all variations and situations by absolute clarity of the proposition that the employer or client owns all the IP rights he has paid for. This is enforced by a long-stop provision for the legal transfer of whatever rights could slip through the net.

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